Month: August 2019

Global Blockchain Revenues to Hit $10 Billion by 2023: Market Research

boss

Global revenues for blockchain technology are expected to hit $10 billion by 2023. Tech market advisory firm ABI Research published its findings regarding global revenues from blockchain technology on Aug. 28. Per ABI, investments in the space continue to swell despite the decrease in initial coin offering (ICO) activity, due in large part to venture capital (VC) funding blockchain infrastructure development. Venture capital funding a major factor ABI says that VC is catching up to ICOs as a form of funding, with 620 rounds totaling $3.1 billion last year, up…

CME Bitcoin Futures Averaged $515 Million Daily Volume in May

boss

The Chicago Mercantile Exchange (CME) Group’s Bitcoin (BTC) futures saw an average daily volume of $515 million in May 2019. Forbes reports on Aug. 28 that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.” Record trading volumes McCourt also noted that, on May 13, Bitcoin traded a record daily volume of 33,677…

Telegram Schedules to Launch Gram Cryptocurrency by November

boss

As the launch of Facebook Libra looms, another social networking company has decided it’s finally the time to launch its own cryptocurrency. Telegram, a messaging application known for its speed and security, will try to beat Facebook to the punch with a roll out of its long-awaited Gram cryptocurrency. Apart from the digital coin, Telegram is also aiming towards launching its own digital wallet for its 200 to 300 million users. Following in the footsteps of Facebook’ Libra, Telegram expects its digital currency to become the next big thing in…

Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products

boss

On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like BCH, DASH, DAI, and BTC. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Venezuelan Pharmacy Chain Farmarket Starts Accepting Crypto Payments Over the last few months, Panda Group has been…

Exhausted Bitcoin Cash Bulls Could Spark Crushing Dump to $200 – CCN Markets

boss

It isn’t looking good for Bitcoin Cash in the short-term, with a plausible 50% retreat in the offing. | Source: Shutterstock Bitcoin Cash may be a good pick for long-term investors due to its strengthening fundamentals. However, the cryptocurrency’s prospects in the short-term are not looking great. The first bitcoin fork is struggling to keep its head above water. The cryptocurrency’s weakness hasn’t gone unnoticed. The widely-followed Peter Brandt took to Twitter to share his bearish sentiments on Bitcoin Cash. The Classical Charting specialist wrote: It is not all peachy…

Self-sufficient London Bitcoin Stock Swells by 300%

boss

A bitcoin stock listed on the London Stock Exchange has soared by 300 percent to hit its 11-month high. Shares of UK-based Argo Blockchain PLC (LON: ARB) today established a year-to-date peak of $10.96, bringing its maximum yearly gains close to 328 percent. At its weakest, the stock was trading at $2.54 in February 2019, down 85 percent from its first day’s opening rate of $17 a share. Argo Blockchain stock rebounds by 300 percent | Image credits: TradingView.com The latest surge surfaced out of strategic investments. Argo purchased 1,000…

Bitcoin Price Flatlines at $10K as Traders Brace for Expected Volatility

boss

Bitcoin (BTC) price held above $10,000 for a third day on Aug. 28 as a fresh period of sideways trading endured through the week.  Market visualization. Source: Coin360 Eerie calm descends over Bitcoin markets Data from Coin360 painted a fairly unremarkable picture of Bitcoin markets on Wednesday, the largest cryptocurrency trading in a narrow corridor between $10,050 and $10,250. BTC/USD has stayed above the $10,000 mark since Monday, repeatedly testing but failing to break support for five figures.  Bitcoin 7-day price chart. Source: Coin360 Looking ahead, Friday’s Bitcoin futures settlement…

US Air Force Partners With Blockchain Big Data Management Platform

boss

The United States Air Force (USAF) partnered with blockchain big data management startup Constellation. According to a Constellation press release published on Aug. 27, the startup signed a working contract with the USAF. The U.S. Air Force better explains the scope of the partnership in the following statement: “Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research process in an attempt to speed up the experience, broaden the pool of potential applicants and decrease bureaucratic overhead.” “A big need within the defense apparatus” VP…

Transparent, Less Expensive, More Diverse

boss

Cryptocurrencies are upending the worlds of banking, retail and payments in countless ways, but there has been one area where this burgeoning industry has somewhat fallen behind: investments. While it can be easy to build portfolios that focus on stocks and shares or fiat currencies, diversifying into crypto funds has proven harder for consumers and professionals alike. This has been partially because of how many financial institutions have been reluctant to embrace digital assets so far. Another issue has been how portfolio managers in the crypto space have been struggling…

XRP Community Is Threatening a ‘Takeover’ if Ripple Execs Keep Dumping

boss

Anger about the negative market consequences of Ripple selling XRP to its clients is prompting token holders to conceive of ever-more ingenious means to fight back. In a tweet published on Aug. 26, Twitter user @CryptoBitlord quipped to his 102,000 followers about his latest scheme for a community effort, writing: “I’m thinking about forking $XRP so we don’t have to deal with the founders dumping. — This will be a community effort. Retweet if you’re in.” Crypto Bitlord’s anger has spilled over beyond witticisms; 3 weeks ago, he started a…